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Reports: Amazon in talks to acquire MGM in $9bn deal

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  • Amazon is reportedly in talks to amass MGM in a deal that could possibly be value $9 billion.
  • The deal would see Prime Video doubtlessly gaining a ton of content material.

Amazon has been pushing Prime Video onerous in recent times, increasing to quite a lot of new locales and coughing up prime greenback for brand spanking new content material. Now, it seems to be like the corporate is able to make an enormous acquisition to bolster its video streaming service.

Variety experiences that Amazon is in talks to amass media firm MGM for roughly $9 billion, citing “business sources.” The deal is seemingly being led by Amazon senior vice-president for Amazon Studios and Prime Video Mike Hopkins and MGM board chairman Kevin Ulrich.

This isn’t the one outlet to cowl a possible deal between the 2 firms this week, as The Information (paywall) additionally reported on a possible acquisition yesterday. The publication claims {that a} deal might price between $7 billion and $10 billion.

Amazon would acquire loads of content material by buying MGM, as the corporate’s library consists of films just like the James Bond franchise, Rocky/Creed, and The Hobbit franchise. It additionally has a great deal of TV exhibits in its library, together with The Handmaid’s Story, the Stargate franchise, Vikings, Survivor, and extra.

Do you suppose Amazon ought to purchase MGM at $9 billion? Tell us by voting within the ballot under. In any other case, you may try our rundown of the very best unique exhibits on Prime Video.

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Written by virajthari

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